Fiscal Year Ended:Net SalesCoca-ColaPepsiCoAccounts ReceivableAllowance for Doubtful AccountsAccounts Receivable, Net of AllowancePAS-5 Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to CollectCoca-Cola and PepsiCo are two of the largest and most successful beverage companies in theworld in terms of the products that they sell and their receivables management practices. To evalu-ate their ability to collect on credit sales, consider the following rounded amounts reported in theirannual reports (amounts in millions).1.Coca-Cola20180S 2017$35,4104,1504803,670$31,8603,8904903,4002016$41,8604,3304703,8602018$64,6607,2401007,140bylinePepsiCo6901 2017$63,5257,1551307,025LOM2016$62,8006,8351356,700Required:bris 02 snut no 12575in low M23 sin temosrytą legioning baa lassani oor lam liv M23 vatno smo se sasCalculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for2018 and 2017. (Round to one decimal place.)2. Which of the companies is quicker to convert its receivables into cash in 2018? in 2017? Afondusi noitammolni bebiving and oud JassiW dowOWI Pil

The account receivables turnover ratio tells about the efficiency of the business to convert its…

Coca-Cola PepsiCo Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts unts Receivable Net of Allowance Coca-Cols and PepsiCo are two of the largest and most successful beverage companies world in terms of the products that they sell and their receivables management practices. To evalu- ate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions). 2018 B $31,860 3,890 490 3,400 all Coca-Cola 1909 2017 $35,410 4,150 480 3,670 von Bodybu PepsiCoani huM 24 SO12016 2016 125 2018ms od 2017 $41,860 $63,525 4,330 7,155 470 130 3,860 7,025 $64,660 7,240 100 7,140 $62,800 6,835 135 6,700

Coca-Cola PepsiCo Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts unts Receivable Net of Allowance Coca-Cols and PepsiCo are two of the largest and most successful beverage companies world in terms of the products that they sell and their receivables management practices. To evalu- ate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions). 2018 B $31,860 3,890 490 3,400 all Coca-Cola 1909 2017 $35,410 4,150 480 3,670 von Bodybu PepsiCoani huM 24 SO12016 2016 125 2018ms od 2017 $41,860 $63,525 4,330 7,155 470 130 3,860 7,025 $64,660 7,240 100 7,140 $62,800 6,835 135 6,700

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter7: Introduction To Financial Statement Analysis

Section: Chapter Questions

Problem 16E

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